Blockchain has the potential to transform the way industries conduct business transactions. This will require a complete ecosystem of industry players working together, allowing businesses to benefit from the network effect of blockchain. To help support these organizations, IBM announced today a blockchain ecosystem to help accelerate the creation of blockchain networks.

IBM and NVIDIA today announced collaboration on a new deep learning tool optimized for the latest IBM and NVIDIA technologies to help train computers to think and learn in more human-like ways at a faster pace.

At the Shanghai International Blockchain Week 2016, IBM and China UnionPay E-payment Research Institute previewed the demo of a collaborative project on loyalty bonus points exchange among multiple banks using blockchain technology. With a few simple and quick steps, consumers will be able to exchange bonus points from among any of the banks they do business with to select the rewards they want.

IBM today announced it has signed a contract with the Bank of Tokyo-Mitsubishi UFJ (BTMU) to examine the design, management and execution of contracts among business partners using blockchain technologies. The two companies will begin by piloting blockchain to automate business transactions between the two companies.